$399,000
1221 Dr Martin Luther King Jr Boulevard
Tampa, FL 33603
Listing updated: August 31, 2026 at 3:10 PM ET
Listing courtesy of Sellstate Coastal Realty · Eriola Goldman · MLS #TB8535299 · Active · 813-940-0101Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Income-Producing Investment Opportunity – E. Martin Luther King Jr. Blvd, Tampa Situated on an approximately 6,750 SF lot, this income-producing commercial property offers much more than its building footprint. The oversized, fully fenced site combines a renovated office, ample parking, a large usable rear yard, outdoor storage and a dedicated storage shed—creating multiple ways for a tenant or owner-user to utilize the entire property and supporting strong rental potential of approximately $4,500/month ($54,000 annually). nvestment angle: A compact commercial asset with multiple usable components and the ability to generate approximately $54,000 in gross annual rental income—ideal for an investor looking for cash flow or an owner-user who wants to offset occupancy costs with a strategically located Tampa property. The property features a fully renovated office building with private offices, updated restroom, coffee bar, three mini-split HVAC systems, tankless water heater, new windows, upgraded lighting and modern flooring. The large fenced rear yard provides valuable additional utility, including outdoor storage plus one storage shed, creating flexibility for contractors, service businesses, trades, equipment storage or other commercial users. With potential rent of approximately $4,500 / month ($54,000 annually), the property offers compelling income potential relative to its size. The combination of office + secured outdoor storage + dedicated shed + parking allows an investor to market more than simply office space and potentially command a premium from users who need both workspace and storage. Additional highlights include high-visibility MLK frontage, approximately 4–5 front parking spaces, a large fenced rear area with potential for additional parking, Opportunity Zone location.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history28 days on market
- Status: ActiveAug 3, 2026
- Listed$437,000Aug 3, 2026
- Price reduced$399,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 28
- Subdivision
- Unplatted
- County
- Hillsborough
- Year built
- 1920
- Living area
- 756 sq ft
- Price/sq ft
- $528
- Lot size
- 6,750 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12057C0352J)
- Annual taxes
- $1,683 (2025)
- Parcel #
- A-07-29-19-ZZZ-000005-88640.0
- Zoning
- CG
- MLS #
- TB8535299
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Interior Details
- Bedrooms
- 2
- Flooring
- Luxury Vinyl
- Appliances
- Tankless Water Heater
- Interior features
- Ninguno
- Laundry
- None
- Stories / Levels
- One
Heating & Cooling
- Heating
- None
- Cooling
- Mini-Split Unit(s)
Parking
- Parking features
- Driveway, Guest, Oversized, Parking Pad
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA, Other
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Dog Run, Garden, Private Entrance, Private Mailbox, Private Yard, Storage
- Construction materials
- Asbestos
- Roof
- Shingle
- Foundation
- Crawlspace
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Phone Available
Listing Details
- Listing date
- 2026-08-03
- On market date
- 2026-08-03
- Original list price
- $437,000
- Occupant type
- Vacant
- MLS area
- 33603 - Tampa / Seminole Heights
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-08-03
- Tax legal description
- LOT BEG 712 1/4 FT W & 25 FT S OF NE COR OF NW 1/4 & RUN S 120 FT W 54.25 FT N 120 FT & E 54.25 FT TO BEG LESS NLY 6 FT FOR BUFFALO AVE R/W AND N 1/2 OF VACATED ALLEY ABUTTING ON S
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-275, take Exit 46A for Dr. Martin Luther King Jr. Blvd. (SR 574) and head east. Continue approximately 1.5 miles. The property is located on the right at 1221 E. Martin Luther King Jr. Blvd., Tampa, FL 33603. Or, if approaching from Downtown Tampa: Driving Directions: From Downtown Tampa, head north on N. Nebraska Ave., turn right onto E. Martin Luther King Jr. Blvd. (SR 574), and continue east. The property will be on the right at 1221 E. Martin Luther King Jr. Blvd., Tampa, FL 33603.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of August 31, 2026 at 3:10 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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